1 Sunset Dr - Fast Food FOR SALE


Mount Vernon, IL 62864
$2,645,000 USD
949-506-2009
1 Sunset Dr, Mount Vernon, IL for Sale
$2,645,000 USD
Fast Food - FOR SALE
1/11
null | 5.5% Cap Rate

1 Sunset Dr
Mount Vernon, IL 62864


HIGHLIGHTS

  • New Construction | 15-Year Lease | 10% Increases Every 5 Years
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Prime Retail Corridor | Interstate 57 Access (46,300 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Mt Vernon, Illinois. The tenant, Boersma Bros, LLC recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,645,000 USD

PRICE/SF

$2,784 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Dutch Bros | Across from Mall | 43k VPD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B-2

APN/PARCEL ID

06-25-376-037

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.